Old Point Financial Corp (NASDAQ: OPOF) stock closed at $19.73 on 7/30/24 after a major increase of 10.8%. Moreover, this advance was accompanied by exceptionally high trading volume at 246% of normal. The stock has risen 17.7% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, OPOF is expected to continue to be Value Creation neutral.
Old Point Financial has a current Value Trend Rating of C (Low Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Old Point Financial has a slightly positive Appreciation Score of 61 but a poor Power Rating of 30, with the Low Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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